GBP/USD - 1.6310 - If you enjoy the roller-coaster ride in ccy trading, cable is just the ticket. Although st spec pushed cable to an intra-day high of 1.6469 in London morning trading y'day, the worse-than-expected UK retail sales & CBI distribution trade data swiftly knocked the pound to 1.6187 but despite subsequent recovery to 1.6399, o/n selloff in euro pressured cable back to 1.6283. Expect thin market condition to continue in Asia until London opens. No decent offers or bids have been reported so far, best to stand aside n follow intra-day market moves in Europe for clues.
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